Shares of Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) surged 8.10 per cent in Wednesday's trade to touch a one-year high of Rs 324.20, following the company's stronger-than-expected performance in the September quarter (Q2 FY26). The shadow lender reported robust growth in both pre-provision operating profit (PPOP) and net profit, driven by margin expansion in its passenger vehicle and tractor financing segments. Advertisement

Brokerage Nirmal Bang said it remains positive on Mahindra Finance's outlook, especially in the passenger vehicle segment, which continues to benefit from favourable industry tailwinds. The brokerage also expects an improved monsoon to aid growth in the tractor segment. However, it cautioned that the commercial vehicle (CV) and construction equipm

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